Garden Stage Limited Ordinary Shares(GSIW)Earnings, Financials & Key Ratios
GSIW•NASDAQ•Banking & Credit
$28.82
$450M mkt cap·Price updated May 6, 2026
AboutGarden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.Show more
- Net Interest Income$58K+50.2%
- Total Revenue$5M+296.0%
- Net Income-$4M+5.9%
- Return on Equity-54.01%+43.9%
- Net Interest Margin0.37%+56.7%
- Efficiency Ratio84.73%-56.0%
- ROA-26.58%+47.1%
- Equity / Assets42.16%-24.7%
- Book Value per Share0.43-37.1%
- Tangible BV/Share0.42-37.3%
- Debt/Equity0.03-4.9%
GSIW Key Insights
Garden Stage Limited Ordinary Shares (GSIW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Momentum leader: RS Rating 83 (top 17%)
- ✓Well capitalized: 42.2% equity/assets
- ✓Diversified revenue: 98.9% from non-interest income
✗Weaknesses
- ✗Weak NIM of 0.4%
- ✗High cost structure: 84.7% efficiency ratio
- ✗Shares diluted 14.8% in last year
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 67.2x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GSIW Price & Volume
Garden Stage Limited Ordinary Shares (GSIW) stock price & volume — 10-year historical chart
Loading chart...
GSIW Growth Metrics
Garden Stage Limited Ordinary Shares (GSIW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years163.21%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-37.92%
5 Years-37.92%
3 Years-38.35%
Last Year-53.14%
GSIW Peer Comparison
Garden Stage Limited Ordinary Shares (GSIW) competitors in Brokerage, Trading and Market Making — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FUTU | 59.73B | 168.00 | 33.86 | 35.79% | 26.38% | 0.31 | ||
 UP | 217.73M | 6.01 | -0.72 | -7.02% | -39.95% | |||
 TIGR | 676.45M | 6.93 | 19.25 | 43.68% | 17.64% | 0.27 | ||
 PFIS | 589.34M | 58.90 | 10.02 | 22.26% | 11.81% | 0.50 | ||
 IBKR | 38.79B | 87.04 | 39.21 | 9.83% | 5.18% | 0.00 | ||
 MKTX | 5.53B | 148.84 | 20.45 | 8.58% | 15.79% | 0.05 | ||
 SNEX | 8.36B | 106.21 | 18.03 | 32.53% | 19.31% | 7.79 | ||
 GCMG | 1.6B | 11.28 | 328.86 | 15.82% | 8.9% |
Compare GSIW vs Peers
Garden Stage Limited Ordinary Shares (GSIW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GSIW Income Statement
Garden Stage Limited Ordinary Shares (GSIW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|
| Net Interest Income | 44.8K | 60.84K | 47.83K | 38.67K | 58.09K | 0 |
| NII Growth % | - | 35.81% | -21.39% | -19.15% | 50.24% | -100% |
| Net Interest Margin % | 0.25% | 4.66% | 2.86% | 0.23% | 0.37% | 0% |
| Interest Income | 44.8K | 60.84K | 47.83K | 38.67K | 58.09K | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 6.16M | 112.26K | 35.71K | 3.36M | 5.15M | 65.99K |
| Non-Interest Income | 5.96M | 235.45K | 367.97K | 1.33M | 5.34M | 2.59M |
| Non-Interest Income % | 99.25% | 79.47% | 88.5% | 97.17% | 98.92% | 100% |
| Total Revenue | 6.01M▲ 0% | 296.29K▼ 95.1% | 415.79K▲ 40.3% | 1.36M▲ 228.2% | 5.4M▲ 296.0% | 2.59M▲ 0% |
| Revenue Growth % | - | -95.07% | 40.34% | 228.18% | 295.95% | 1213.43% |
| Non-Interest Expense | 233.79K | 535.73K | 1.11M | 2.63M | 4.58M | 5.18M |
| Efficiency Ratio | 3.89% | 180.81% | 267.41% | 192.59% | 84.73% | 199.61% |
| Operating Income | -385.18K▲ 0% | -65.53K▲ 83.0% | -26.5K▲ 59.6% | -4.58M▼ 17168.4% | -4.32M▲ 5.5% | -649.72K▲ 0% |
| Operating Margin % | -6.41% | -22.12% | -6.37% | -335.36% | -80% | -25.05% |
| Operating Income Growth % | - | 82.99% | 59.56% | -17168.37% | 5.54% | - |
| Pretax Income | -329.61K▲ 0% | -65.53K▲ 80.1% | -26.5K▲ 59.6% | -4.58M▼ 17171.6% | -4.27M▲ 6.6% | -555.7K▲ 0% |
| Pretax Margin % | -5.49% | -22.12% | -6.37% | -335.36% | -79.11% | -21.42% |
| Income Tax | -66 | 102 | -67 | 13.36K | 43.23K | -804 |
| Effective Tax Rate % | 0.02% | -0.16% | 0.25% | -0.29% | -1.01% | 0.14% |
| Net Income | -329.54K▲ 0% | -65.63K▲ 80.1% | -26.43K▲ 59.7% | -4.59M▼ 17266.0% | -4.32M▲ 5.9% | 13.27M▲ 0% |
| Net Margin % | -5.49% | -22.15% | -6.36% | -336.34% | -79.91% | 511.42% |
| Net Income Growth % | - | 80.08% | 59.73% | -17265.97% | 5.92% | - |
| Net Income (Continuing) | -329.54K | -65.63K | -26.43K | -4.59M | -4.32M | -650.88K |
| EPS (Diluted) | -0.02▲ 0% | -0.00▲ 80.5% | -0.00▲ 60.5% | -0.29▼ 16958.8% | -0.28▲ 3.4% | 0.85▲ 0% |
| EPS Growth % | - | 80.45% | - | - | 3.45% | - |
| EPS (Basic) | -0.02 | -0.00 | -0.00 | -0.29 | -0.28 | - |
| Diluted Shares Outstanding | 15M | 15.25M | 15.25M | 13.61M | 15.63M | 15.63M |
GSIW Balance Sheet
Garden Stage Limited Ordinary Shares (GSIW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 1.79M | 1M | 804.74K | 2.67M | 624.58K | 5.32M |
| Cash & Due from Banks | 1.79M | 1M | 804.74K | 2.67M | 624.58K | 1.03M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 543.89K | 0 | 0 | 0 |
| Investments Growth % | - | - | - | -100% | - | -200% |
| Long-Term Investments | 0 | 0 | 543.89K | 0 | 0 | 1.17M |
| Accounts Receivables | 2.58M | 2.05M | 6.11M | 861.71K | 1.73M | 1.91M |
| Goodwill & Intangibles | 64.39K | 63.84K | 63.69K | 63.89K | 64.27K | 8.28K |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 64.39K | 63.84K | 63.69K | 63.89K | 64.27K | 8.28K |
| PP&E (Net) | 3.42K | 18.93K | 11.6K | 301.2K | 350.53K | 57.13K |
| Other Assets | 29.62K | 213.65K | 7.77K | 3.96M | 1.69M | -66.61K |
| Total Current Assets | 17.59M | 9.94M | 12.5M | 12.26M | 13.77M | 12.26M |
| Total Non-Current Assets | 97.86K | 296.42K | 626.97K | 4.33M | 2.13M | 0 |
| Total Assets | 17.69M▲ 0% | 1.31M▼ 92.6% | 1.67M▲ 28.0% | 16.58M▲ 891.4% | 15.9M▼ 4.1% | 2.01M▲ 0% |
| Asset Growth % | - | -92.61% | 28.01% | 891.42% | -4.13% | 1026.08% |
| Return on Assets (ROA) | -1.86% | -0.69% | -1.77% | -50.28% | -26.58% | 660.01% |
| Accounts Payable | 14.9M | 7.86M | 10.29M | 6.91M | 8.43M | 8.36M |
| Total Debt | 0 | 17.59K | 8.86K | 289.92K | 199.1K | 271.43K |
| Net Debt | -1.79M | -983.87K | -795.88K | -2.38M | -425.48K | -754.65K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 14.88K |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 17.04M | 10.03M | 11.18M | 7.1M | 9.12M | 8.57M |
| Total Non-Current Liabilities | 0 | 70.1K | 1.42M | 197.93K | 81.28K | 140.98K |
| Total Liabilities | 17.04M | 1.29M | 1.42M | 7.3M | 9.2M | 1.12M |
| Total Equity | 642K▲ 0% | 16.58K▼ 97.4% | 248.03K▲ 1395.9% | 9.29M▲ 3643.7% | 6.7M▼ 27.8% | 888.5K▲ 0% |
| Equity Growth % | - | -97.42% | 1395.94% | 3643.74% | -27.82% | 12268.52% |
| Equity / Assets (Capital Ratio) | 3.63% | 1.27% | 14.83% | 55.99% | 42.16% | 44.2% |
| Return on Equity (ROE) | -51.33% | -19.93% | -19.98% | -96.28% | -54.01% | 1493.21% |
| Book Value per Share | 0.04 | 0.00 | 0.02 | 0.68 | 0.43 | 0.06 |
| Tangible BV per Share | 0.04 | -0.00 | 0.01 | 0.68 | 0.42 | 0.06 |
| Common Stock | 19 | 147 | 146 | 1.56K | 1.56K | 201 |
| Additional Paid-in Capital | 0 | 0 | 2.02M | 14.03M | 15.72M | 1.92M |
| Retained Earnings | 638.58K | 16.3K | -10.13K | -4.67M | -8.99M | -1.02M |
| Accumulated OCI | 3.42K | 131 | 131 | -10.33K | -30.91K | -4.18K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
GSIW Cash Flow Statement
Garden Stage Limited Ordinary Shares (GSIW) cash flow — operating, investing & free cash flow history
| Line item | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 10.49M | -888.95K | -239.36K | -7.09M | -1.15M | -1.15M |
| Operating CF Growth % | - | -108.47% | 73.07% | -2862.37% | 83.8% | -1741.87% |
| Net Income | -329.54K | -65.63K | -26.43K | -4.59M | -4.32M | 13.27M |
| Depreciation & Amortization | 4.61K | 1.4K | 10.1K | 10.51K | 165.74K | 56.81K |
| Deferred Taxes | -66 | 792 | -524 | -2.5K | -21.19K | 0 |
| Other Non-Cash Items | 13.21M | 831.15K | 226.85K | -3.32M | 113.34K | -1.06M |
| Working Capital Changes | 10.82M | -824.86K | -223.27K | -1.06M | 1.23M | -10.25M |
| Cash from Investing | -3.2K | -2.35K | -2.83K | -1.45K | -218.24K | -29.37K |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 267.76K | -4.55K | 49.54K | 9.69M | 263.49K | 9.67M |
| Dividends Paid | -116.08K | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | -4.62K | 796K | 10.13M | 0 | 2.51M |
| Net Stock Activity | 0 | -4.62K | 796K | 10.13M | 0 | 2.51M |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 383.84K | -35.43K | 440.35K | -439.73K | 263.49K | 7.16M |
| Net Change in Cash | 10.74M▲ 0% | -13.9M▼ 229.5% | -196.71K▲ 98.6% | 2.62M▲ 1432.4% | -1.05M▼ 140.2% | -2.83M▲ 0% |
| Exchange Rate Effect | -18.82K | -85.44K | -15.46K | 19.27K | 50.75K | 30.92K |
| Cash at Beginning | 4.16M | 14.9M | 1M | 6.32M | 8.94M | 1.14M |
| Cash at End | 14.9M | 1M | 804.74K | 8.94M | 7.89M | 1.03M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 83.11K | 0 | 0 | 16.57K | 0 |
| Free Cash Flow | 10.49M▲ 0% | -891.3K▼ 108.5% | -242.19K▲ 72.8% | -7.09M▼ 2828.3% | -1.37M▲ 80.7% | -13.26M▲ 0% |
| FCF Growth % | - | -108.5% | 72.83% | -2828.34% | 80.73% | - |
GSIW Banking Ratios
Garden Stage Limited Ordinary Shares (GSIW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -19.93% | -19.98% | -96.28% | -54.01% | 1493.21% |
| Return on Assets (ROA) | -0.69% | -1.77% | -50.28% | -26.58% | 660.01% |
| Net Interest Margin | 4.66% | 2.86% | 0.23% | 0.37% | 0% |
| Efficiency Ratio | 180.81% | 267.41% | 192.59% | 84.73% | 199.61% |
| Equity / Assets | 1.27% | 14.83% | 55.99% | 42.16% | 44.2% |
| Book Value / Share | 0 | 0.02 | 0.68 | 0.43 | 0.06 |
| NII Growth | 35.81% | -21.39% | -19.15% | 50.24% | - |
| Dividend Payout | - | - | - | - | 0% |
GSIW Frequently Asked Questions
Garden Stage Limited Ordinary Shares (GSIW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Garden Stage Limited Ordinary Shares (GSIW) grew revenue by 296.0% over the past year. This is strong growth.
Yes, Garden Stage Limited Ordinary Shares (GSIW) is profitable, generating $13.3M in net income for fiscal year 2025 (-79.9% net margin).
Dividend & Returns
Garden Stage Limited Ordinary Shares (GSIW) has a return on equity (ROE) of -54.0%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Garden Stage Limited Ordinary Shares (GSIW) has a net interest margin (NIM) of 0.4%. NIM has been under pressure due to interest rate environment.
Garden Stage Limited Ordinary Shares (GSIW) has an efficiency ratio of 84.7%. This is higher than peers, suggesting room for cost optimization.
Explore More GSIW
Garden Stage Limited Ordinary Shares (GSIW) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates